As seen in the latest quarter, Apple’s (NASDAQ:AAPL) iPad continues to be the dominant player in tablets. But rivals aren’t giving up. For example, today Samsung released its Galaxy Note 10.1 in the U.S., U.K. and South Korea.

The device runs on Google’s (NASDAQ:GOOG) Android operating system and comes with a stylus for input. It also has a 5 megapixel camera and a 1.9 megapixel front-facing camera (which analyzes eye movement to allow for better pictures).

All in all, the Galaxy looks like a standout device. Yet it may still have a tough time getting uptake.

Why? The big issue is the price tag. Consider that a 16 gigabyte/WiFi-only device will retail for $499, which is the same for the iPad.

It’s a gutsy strategy, but the Galaxy device has little to set apart. So to be a success, Samsung will probably need to aggressively cut the price.